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Author: Admin | 2025-04-28
Recession, reaching below $6,000 before rallying.Goldman Sachs Announces it is Dropping its Plans to Launch a Bitcoin Based Trading Desk – September 5th, 2018While the company had begun and sustained the exploration of launching a Bitcoin trading platform for the majority of 2018, Goldman Sachs officially announced that it would be dropping its plans to launch a desk. For many investors, they have blamed the ongoing bear market for the diminishing interest from Goldman Sachs. Because of this announcement, Bitcoin prices continued to fall.SEC announces Decision to Delay on Bitcoin ETF Ruling – August 7th, 2018: $6,366What came off as a surprise decision for some in the Crypto trading world, the Securities and Exchange Commission announced that it would be exercising its right to delay its decision on several proposed Bitcoin ETFs that had since been proposed to the regulatory agencies.As a result of this news, the value of Bitcoin continued to plummet, with investors enduring a pessimistic climate that no ETF would never be approved.Intercontinental Exchange Officially Announced the Launch of Bakkt: August 3rd, 2018: $6,337The parent company of the internationally known New York Stock Exchange – the Intercontinental Exchange [ICE] among a number of other exchanges announced the launch of a Cryptocurrency startup known as Bakkt. Backed by the likes of Microsoft, Starbucks and a number of other big corporate names.Bakkt had the underlying goal of appealing to institutional investors through a legitimate market for Bitcoin.The Securities And Exchange Commission Rejects the Gemini Bitcoin ETF Proposal by the
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